News Archives for Print - 2011-01-05 - Business Recorder

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Print - 2011-01-05

RGST introduction to augur well for direct tax collection: Senate panel told

RGST introduction to augur well for direct tax collection: Senate panel told

Secretary, Ministry of Finance, Dr Waqar Masood, said here on Tuesday that if the reformed general sales tax (RGST) was introduced in the current form, it would augur well for direct taxes collection. He informed the Senate standing committee on finance t

Published 05 Jan, 2011 12:00am

Britain says killing is a loss for Pakistan

Britain says killing is a loss for Pakistan

British Foreign Minister William Hague said on Tuesday he was shocked by the assassination of the governor of Punjab province, adding that it was loss to the leadership of the country. "I am shocked to hear of the assassination of Salmaan Taseer," Hague s

Published 05 Jan, 2011 12:00am

KMDA President for judicial probe into son's killing

KMDA President for judicial probe into son's killing

President, Karachi Motorcycle Dealers Association (KMDA), Mohammad Naeem Qureshi has urged the government to appoint a judge for conducting judicial inquiry into the killing of his son, Salman, and his friend, Jameel, reportedly by a drunken but influenti

Published 05 Jan, 2011 12:00am

Transporters give one week for taking back oil prices hike

Transporters give one week for taking back oil prices hike

The transporters have given one week's ultimatum to the government to take back its decision of prices hike on petroleum products. The transporters have decided that if the government did not withdraw the raise in petroleum prices then another meeting wou

Published 05 Jan, 2011 12:00am

Budget deficit to rise by 0.2 percent on oil prices raise withdrawal

Budget deficit to rise by 0.2 percent on oil prices raise withdrawal

The budget deficit may swell by 0.2 percent if the government withdrew the oil prices rise, Business Recorder has learnt. The 0.2 percent rise for the remaining six months of the current fiscal year (January-June 2011) is based on the earlier estim

Published 05 Jan, 2011 12:00am

Capital Police to be made public-friendly

Capital Police to be made public-friendly

Inspector General of Police (IGP) Kaleem said that Islamabad Police would be made friendly police and every possible step to be taken for promoting its relations with public. Islamabad Police is a role model for other law enforcement agencies and it would

Published 05 Jan, 2011 12:00am

Sindh introduces biometric identification system

Sindh introduces biometric identification system

The Sindh Government has introduced the Biometric Identification Electronic System (BIES) project. This has been done to foster awareness among the Sindh Secretariat staff regarding security. A statement here on Tuesday said that a meeting to this effect

Published 05 Jan, 2011 12:00am

AT begins drive against inflation, loopholes in education

AT begins drive against inflation, loopholes in education

Awami Tehrik (AT) has initiated 15-day campaign from January 4 to 18 against inflation, lawlessness and deteriorating situation in education, across the province. In this connection, AT Karachi division organised a protest demonstration at Karachi Press C

Published 05 Jan, 2011 12:00am

US to release $1.5 billion under Kerry-Luger bill

US to release $1.5 billion under Kerry-Luger bill

The US will release $1.5 billion to Pakistan this year under the Kerry-Luger Bill, but final decision rests with the US Congress, said United States Agency for International Development (USAID) Mission Director Dr Andrew Sisson. He said that most of USAID

Published 05 Jan, 2011 12:00am

President LHCBA condemns killing

President LHCBA condemns killing

President Lahore High Court Bar Association (LHCBA), Mian Abdul Qudus, while condemning the murder of Governor Punjab Salman Taseer termed it an eye-opener for the civilised society. He said people of all section of the society should work for tolerance a

Published 05 Jan, 2011 12:00am

Kasuri for judicial inquiry into murder

Kasuri for judicial inquiry into murder

Former Minister for Foreign Affairs, Khursheed Mehmood Kasuri on Tuesday said judicial inquiry should be conducted to find out actual reasons behind the assassination of Governor Punjab, Salman Taseer. There must be a judicial inquiry of the incident and

Published 05 Jan, 2011 12:00am

Business activities suspended across Punjab

Business activities suspended across Punjab

Business activities in major Punjab cities were suspended immediately with tragic assassination of Governor Punjab Salman Taseer, as the PPP workers took out violent protests and tried to cause damage to property across the province. Particularly, the par

Published 05 Jan, 2011 12:00am

JIT to probe into murder

JIT to probe into murder

A Joint Investigation Team (JIT) led by Deputy Inspector General (DIG) Operation of Islamabad Police Bani Ameen Khan was constituted to probe into the assassination of Salmaan Taseer, Governor Punjab on Tuesday. A case was registered in Kohsar Police Stat

Published 05 Jan, 2011 12:00am

Advisor condemns murder

Advisor condemns murder

Advisor to Sindh Chief Minister Jameel Soomro has strongly condemned the assassination of Governor Punjab Salman Taseer. In a statement here Tuesday, he said that his assassination has created a vacuum in the political scene and his services for the party

Published 05 Jan, 2011 12:00am

Bhutto's birth anniversary programmes cancelled

Bhutto's birth anniversary programmes cancelled

Sindh Chief Minister Syed Qaim Ali Shah has cancelled all programmes in connection with Shaheed Zulfikar Ali Bhutto's 83rd birth anniversary on account of assassination of Governor Punjab Salman Taseer. Qaim, who is also President PPP Sindh has cancelled

Published 05 Jan, 2011 12:00am

Qaim, Rehman Malik hold meeting

Qaim, Rehman Malik hold meeting

A two-member committee comprising of Sindh Chief Minister Syed Qaim Ali Shah and Interior Minister Rehman Malik constituted by President Asif Ali Zardari to approach and suggest recommendations with regard to problems, issues and reservations of Mutahida

Published 05 Jan, 2011 12:00am

MQM condemns murder

MQM condemns murder

Muttahida Qaumi Movement (MQM) Chief, Altaf Hussain has strongly condemned assassination of Governor Punjab, Salman Taseer on Tuesday. He termed the incident of terrorism an attempt to destabilise the country, said a statement issued here by MQM.

Published 05 Jan, 2011 12:00am

PLF condemns killing

PLF condemns killing

Peoples Lawyers Forum (PLF) Punjab condemning the assassination of Governor Punjab Salman Taseer termed it a coward act by the enemies of Pakistan and democracy. PLF senior vice president Malik Nasir Awan and additional general secretary, Rana Sufyan Arsh

Published 05 Jan, 2011 12:00am

Chaudhry Shujaat condemns assassination

Chaudhry Shujaat condemns assassination

Pakistan Muslim League-Quaid (PML-Q) President Chaudhry Shujaat Hussain on Tuesday strongly condemned the firing incident in Islamabad in which Governor Punjab Salman Taseer was assassinated. Lauding the services of late Governor to the country, Chaudhry

Published 05 Jan, 2011 12:00am

National Assembly session put off

National Assembly session put off

Speaker of the National Assembly, Dr Fehmida Mirza Wednesday adjourned the House till today (Thursday) after the reports of death of Governor Punjab Salman Taseer came in. After recitation from the Holy Quran, Federal Minister for Law, Justice and Parliam

Published 05 Jan, 2011 12:00am

Prime Minister cancels all engagements

Prime Minister cancels all engagements

Prime Minister Syed Yusuf Raza Gilani has cancelled all his engagements, including the briefing to parliamentary leaders of different political parties on petroleum prices, because of the tragic assassination of Punjab Governor Salman Taseer.

Published 05 Jan, 2011 12:00am

Z A Bhutto resolved all issues through dialogue: Zardari

Z A Bhutto resolved all issues through dialogue: Zardari

President Asif Ali Zardari has said that the challenges of coalition politics will be handled through dialogue and negotiations, says a press release issued here Tuesday. "Shaheed Zulfikar Ali Bhutto has taught us how to resolve complex political issues t

Published 05 Jan, 2011 12:00am

Book fair gets warm response

Book fair gets warm response

The Book Fair at the Government College University Lahore got a warm response with its opening on Tuesday by Vice Chancellor Professor Dr Khalid Aftab. The three-day book fair organised by GCU Library Society has brought more than 80,000 books under one-r

Published 05 Jan, 2011 12:00am

Flood-hit villages: LCCI lays foundation stone for construction

Flood-hit villages: LCCI lays foundation stone for construction

The Lahore Chamber of Commerce and Industry (LCCI) Tuesday laid the foundation stone for the construction of 150 houses in flood-hit villages in district Layyah. The total estimated cost of the project, to be completed in a record time of three months, is

Published 05 Jan, 2011 12:00am

Fiscal year 2010-11: government struggling to achieve annual export target of above $20 billion

Fiscal year 2010-11: government struggling to achieve annual export target of above $20 billion

Likewise other economic targets, the government is also struggling to achieve annual export target of above $20-billion in the fiscal year 2010-11, chiefly due to the ongoing power crisis and high mark-up rate. "The industry is facing worst power and gas

Published 05 Jan, 2011 12:00am

'POL price hike to bring cyclone of inflation'

'POL price hike to bring cyclone of inflation'

President Sialkot Chamber of Commerce and Industry (SCCI), Ghulam Mustafa Chaudhary has expressed deep concerns over the increase in petroleum prices and said it will bring a cyclone of price hike in the country. Talking to media persons, here on Tuesday

Published 05 Jan, 2011 12:00am

Protest against privatisation of Pakistan Post

Protest against privatisation of Pakistan Post

Scores of employees of Pakistan Post Muzaffargarh staged a protest demonstration against proposed privatisation of Pakistan Post. The rally, led by district postal union president Shahid Khan, started from the main postal office and ended at Chowk Kutcheh

Published 05 Jan, 2011 12:00am

65 roads to be used for commercial activities

65 roads to be used for commercial activities

District Planning & Design Committee (DPDC) approved 65 roads of the city for commercialisation activities and also sanctioned the criteria according to the relevant rules and regulation for the conversion of properties and land situated on the commercial

Published 05 Jan, 2011 12:00am

Hike in POL prices: APCNGA stages protest demonstration

Hike in POL prices: APCNGA stages protest demonstration

All-Pakistan CNG Association (APCNGA) staged a protest demonstration and a sit-in in front of the Multan Press Club on Tuesday against recent increase in petroleum products' prices and gas loadshedding for domestic consumers and filling stations. In a sta

Published 05 Jan, 2011 12:00am

Increase in fares: brawls, altercations witnessed between commuters, Transporters

Increase in fares: brawls, altercations witnessed between commuters, Transporters

Brawls and altercations among commuters and public transporters were witnessed in many parts of the city after transport operators started demanding increased fares from the commuters in Multan on city and inter-city routes.

Published 05 Jan, 2011 12:00am

KBP slams increase in urea fertiliser prices

KBP slams increase in urea fertiliser prices

Kisan Board Pakistan (KBP) strongly criticising continuous increase in the prices of urea fertiliser has claimed that this fertiliser is now out of the reach of farmer. It said urea fertiliser had registered increase of many hundred rupees during the last

Published 05 Jan, 2011 12:00am

Purchase of agriculture produce: government withdraws exemption from 3.5 percent withholding tax

Purchase of agriculture produce: government withdraws exemption from 3.5 percent withholding tax

The federal government has withdrawn the exemption from 3.5 percent withholding tax on the purchase of agriculture produce vide FBR S.R.O.1161 dated 31st December 2010. Through this notification, FBR has amended SRO. 586 (1) / 91 saying:

Published 05 Jan, 2011 12:00am

LHC issues notices to chairman Ogra

LHC issues notices to chairman Ogra

The Lahore High Court (LHC) on Tuesday issued notices to Chairman Oil and Gas Regulatory Authority (Ogra) and the federal government and called for report within one week in a petition challenging 9 percent increase in petrol prices. The court was hearing

Published 05 Jan, 2011 12:00am

Current political turmoil to have adverse effects on democracy: Iftikhar

Current political turmoil to have adverse effects on democracy: Iftikhar

Khyber Pakhtunkhawa Minister for Information, Mian Iftikhar Hussain on Tuesday said that current political turmoil would have adverse affects on democracy and the much trumpeted rumours about in-house change would further deteriorate the situation. Talkin

Published 05 Jan, 2011 12:00am

Vice chancellor PU visits Institute of Languages

Vice chancellor PU visits Institute of Languages

Vice-Chancellor Punjab University Professor Dr Mujahid Kamran has emphasised upon the importance of PU Institute of Languages in dissemination of knowledge of different languages to promote academic, lingual and cultural relations between Pakistan and oth

Published 05 Jan, 2011 12:00am

Industrial units still facing low pressure of gas

Industrial units still facing low pressure of gas

After restoration of gas supply to 600 industries of Faisalabad on Tuesday most of the industrial units particularly situated at Maqbool Road, Abdullahpur and some other industrial areas could not start operate as usual due to low pressure of gas supply.

Published 05 Jan, 2011 12:00am

Two additional IHC judges take oath

Two additional IHC judges take oath

Chief Justice of Islamabad High Court (IHC) Iqbal Hameed-ur-Rehman on Tuesday administered the oath from two additional judges of the High Court. The CJ has taken oath from Justice Muhammad Anwar Khan Kasi and Justice Riza Ahmad Khan in a ceremony held he

Published 05 Jan, 2011 12:00am

CEC refers four bogus degree holders' cases to DPO

CEC refers four bogus degree holders' cases to DPO

Chief Election Commissioner of Pakistan Justice Hamid Ali Mirza (Retd) on Tuesday referred the cases of four lawmakers to the District Police Officers (DPOs) for registration of criminal cases for having bogus degree holders. The case has been registered

Published 05 Jan, 2011 12:00am

Extension in CCP members' tenure: MoF expected to issue notification soon

Extension in CCP members' tenure: MoF expected to issue notification soon

Ministry of Finance is expected to soon issue notification for extension in tenure of the Members of the Competition Commission of Pakistan (CCP) to ensure smooth working of the commission for taking action against the cartels and companies involved in co

Published 05 Jan, 2011 12:00am

Kashmiris observing 'self-determination day' today

Kashmiris observing 'self-determination day' today

Kashmiris on both sides of Line of Control and across the world will observe 'right of self-determination day' on Wednesday to remind the world that the UN resolutions on Kashmir have not yet been implemented despite a lapse of more than six decades.

Published 05 Jan, 2011 12:00am

Power transformers, hand pumps installed in Malakand

Power transformers, hand pumps installed in Malakand

To restore the damaged electricity system and provide clean drinking water to the local communities, the government has installed 14 power transformers and 15 hand pumps in flood-affected areas of Malakand District.

Published 05 Jan, 2011 12:00am

10 flood protection spurs constructed in Kurram Agency

10 flood protection spurs constructed in Kurram Agency

The political administration of Kurram Agency has constructed 10 flood protection spurs in Airo Kale and Meer Badsha Colon in Kurram Agency, which has benefited the local community by saving their agricultural lands from future flooding.

Published 05 Jan, 2011 12:00am

Fog, cold weather to continue in Khyber Pakhtunkhwa

Fog, cold weather to continue in Khyber Pakhtunkhwa

The dense and prolonged fog with cold weather conditions would continue in Khyber Pakhtunkhwa (KP) with no chances of rain during next few days, stated Met Office on Tuesday. Thick fog, after recent wet spell, has enveloped most parts of KP and Punjab.

Published 05 Jan, 2011 12:00am

Export refinance rates: increase to hit textile exports: PTEA

Export refinance rates: increase to hit textile exports: PTEA

Pakistan Textile Exporters Association (PTEA) has expressed huge disappointment over increase in Export Refinance rates. Finance rate escalation would further hit the textile exports and industrial activity in the country.

Published 05 Jan, 2011 12:00am

Petrol pumps land issue: report to be presented in three days

Petrol pumps land issue: report to be presented in three days

A committee instituted by Punjab Chief Minister to address the issue of leasing land for petrol pumps met here on Tuesday to review suggestions presented by the stakeholders. Mujtaba Shuja-ur-Rehman, chairman of the committee and Punjab Minister for Excis

Published 05 Jan, 2011 12:00am

Jauhar's 80th death anniversary observed

Jauhar's 80th death anniversary observed

The 80th death anniversary of Maulana Muhammad Ali Jauhar, a known politician, educationist, journalist and a very strong supporter of a separate homeland, Pakistan, for the Muslims of the sub-continent, was observed on Tuesday.

Published 05 Jan, 2011 12:00am

Tributes paid to Z A Bhutto

Tributes paid to Z A Bhutto

Minister for Population Welfare Punjab, Neelam Jabbar Chaudhry, has said that Quaid-e-Awam Shaheed Zulfiqar Ali Bhutto struggled for the rights of deprived segment of the society. While addressing the workers of PPP at a function held in connection with 8

Published 05 Jan, 2011 12:00am

Managing Director PIA condemns murder

Managing Director PIA condemns murder

Managing Director PIA, Captain Muhammad Aijaz Haroon has condemned the brutal killing of Governor Punjab, Salman Taseer. MD PIA expressed his heart felt condolence to the family members of Shaheed Salman Taseer.-PR

Published 05 Jan, 2011 12:00am

PPP workers protest

PPP workers protest

The workers of Pakistan Peoples Party (PPP) became violent and hurled on the streets as the death news of Governor Punjab, Salman Taseer spread out in the country. Party workers burnt tyres in different parts of the city and threw stones on the open shops

Published 05 Jan, 2011 12:00am

'Fish Week' for journalists

'Fish Week' for journalists

National Press Club (NPC) Islamabad will hold 'Fish Week' from Friday at its cafes located in the twin cities of Rawalpindi and Islamabad, NPC President Afzal Butt said on Tuesday. He said besides fried fish other fish dishes such as fish biryani, fish pu

Published 05 Jan, 2011 12:00am

Two persons involved in sale of 'fake appointment letters' held

Two persons involved in sale of 'fake appointment letters' held

Among the 41 suspects rounded up for different crimes in Hyderabad since last week, District Police Officer claims to have arrested two persons involved in selling fake appointment letters for jobs in police department and Hesco.

Published 05 Jan, 2011 12:00am

'Coalition maritime campaign plan boosts relations with modern navies'

'Coalition maritime campaign plan boosts relations with modern navies'

Pakistan Navy's participation in coalition maritime campaign plan has strengthened relations with modern navies, said Chief of Naval Staff, Admiral Noman Bashir here on Tuesday.

Published 05 Jan, 2011 12:00am

Low economic growth, skyrocketing prices: Pakistan is confronted with multitude of problems: MCCI

Low economic growth, skyrocketing prices: Pakistan is confronted with multitude of problems: MCCI

Businessmen on Tuesday demanded the government to announce comprehensive action plan to address the key issues that are affecting businesses, economy and lives of masses. President of Multan Chamber of Commerce & Industry (MCCI).

Published 05 Jan, 2011 12:00am

Murder termed a tragedy

Murder termed a tragedy

Provincial Minister for Culture & Youth Affairs, Dr Tanvir-ul-Islam has strongly condemned the brutal murder of Governor Punjab, Salman Taseer and termed it a tragedy. In his condolence message, Dr Tanvir-ul-Islam said that Salman Taseer was an active and

Published 05 Jan, 2011 12:00am

PPP Punjab terms Taseer's killing a great loss to party

PPP Punjab terms Taseer's killing a great loss to party

Pakistan Peoples Party (PPP) Punjab has termed the tragic killing of Governor Punjab Salman Taseer, as a great loss to the party and deplored the religious intolerance projecting negative image of Pakistan world-wide. PPP Punjab President Imtiaz Safdar Wa

Published 05 Jan, 2011 12:00am

PPP Punjab leadership condoles with Taseer family

PPP Punjab leadership condoles with Taseer family

Pakistan Peoples Party (PPP) Punjab leadership rushed to the residence of former Governor Salman Taseer as soon as the news broke. Senior Punjab Minister, Raja Riaz Ahmed and some other prominent party workers reached the residence of Salman Taseer to con

Published 05 Jan, 2011 12:00am

A rare moderate voice in politics silenced

A rare moderate voice in politics silenced

Provincial governor Salman Taseer, who was killed on Tuesday, was one of Pakistan's most colourful and outspoken moderate politicians whose stance against extremism appears to have cost him his life. Appointed by the governing Pakistan People's Party (PPP

Published 05 Jan, 2011 12:00am

Slain in Pakistan: politicians under attack

Slain in Pakistan: politicians under attack

The assassination of the governor of Punjab, Salmaan Taseer, on Tuesday is the latest slaying of a politician in the south Asian country over the last few years.

Published 05 Jan, 2011 12:00am

Protection of rights of common man: civil society, media asked to play effective role

Protection of rights of common man: civil society, media asked to play effective role

Sindh Minister for Human Rights Ms Nadia Gabol has called upon the members of the civil society and the media to play an effective role towards promotion, respect and appreciation of the rights of common man. In a statement here on Tuesday, she said that

Published 05 Jan, 2011 12:00am

The Weather

The Weather

The weather report on Tuesday (January 04, 2011) and the forecast for Wednesday (January 05, 2011).

Published 05 Jan, 2011 12:00am

Rising budget deficit, revenue shortfall: Federal government borrowed Rs 482 billion in six months

Rising budget deficit, revenue shortfall: Federal government borrowed Rs 482 billion in six months

The federal government has borrowed Rs 482 billion from banking system for budgetary support during the first half of current fiscal year because of rising current expenditure and less than target collection.

Published 05 Jan, 2011 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am

Six major PSO depots categorised as ''high risk'': audit report revelation

Six major PSO depots categorised as ''high risk'': audit report revelation

A Pakistan State Oil audit report has categorised its six major depots as ''high risk'' for massive theft and non-compliance of standard operating procedures (SOPs) and recommended the management strict security measures to make sure that such practices c

Published 05 Jan, 2011 12:00am

LME official plastics prices

LME official plastics prices

The following were Monday official prices.

Published 05 Jan, 2011 12:00am

Six major PSO depots categorised as 'high risk': audit report revelation

Six major PSO depots categorised as 'high risk': audit report revelation

A Pakistan State Oil audit report has categorised its six major depots as 'high risk' for massive theft and non-compliance of standard operating procedures (SOPs) and recommended the management strict security measures to make sure that such practices com

Published 05 Jan, 2011 12:00am

LME official plastics prices

LME official plastics prices

The following were Monday official prices.

Published 05 Jan, 2011 12:00am

Six major PSO depots categorised as 'high risk': audit report revelation

Six major PSO depots categorised as 'high risk': audit report revelation

A Pakistan State Oil audit report has categorised its six major depots as 'high risk' for massive theft and non-compliance of standard operating procedures (SOPs) and recommended the management strict security measures to make sure that such practices com

Published 05 Jan, 2011 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 05 Jan, 2011 12:00am

Licence for LNG terminal at PQA: PGL provided misleading information to Ogra

Licence for LNG terminal at PQA: PGL provided misleading information to Ogra

Pakistan GasPort Limited (PGL) has reportedly provided misleading information to the Oil and Gas Regulatory Authority (Ogra) to get the licence of LNG terminal at Port Qasim Authority (PQA) that would jeopardise LNG Mashal project by using public sector c

Published 05 Jan, 2011 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 05 Jan, 2011 12:00am

Licence for LNG terminal at PQA: PGL provided misleading information to Ogra

Licence for LNG terminal at PQA: PGL provided misleading information to Ogra

Pakistan GasPort Limited (PGL) has reportedly provided misleading information to the Oil and Gas Regulatory Authority (Ogra) to get the licence of LNG terminal at Port Qasim Authority (PQA) that would jeopardise LNG Mashal project by using public sector c

Published 05 Jan, 2011 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am

Licence for LNG terminal at PQA: PGL provided misleading information to Ogra

Licence for LNG terminal at PQA: PGL provided misleading information to Ogra

Pakistan GasPort Limited (PGL) has reportedly provided misleading information to the Oil and Gas Regulatory Authority (Ogra) to get the licence of LNG terminal at Port Qasim Authority (PQA) that would jeopardise LNG Mashal project by using public sector c

Published 05 Jan, 2011 12:00am

Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (January 04, 2011) and for Wednesday (January 05, 2011).

Published 05 Jan, 2011 12:00am

Zardari to head to US next week

Zardari to head to US next week

President Asif Ali Zardari will visit the United States next week, officials in Islamabad confirmed Tuesday in the wake of a major political crisis that has weakened his government. Zardari is scheduled to attend the memorial of Richard Holbrooke, who was

Published 05 Jan, 2011 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am

Zardari to head to US next week

Zardari to head to US next week

President Asif Ali Zardari will visit the United States next week, officials in Islamabad confirmed Tuesday in the wake of a major political crisis that has weakened his government. Zardari is scheduled to attend the memorial of Richard Holbrooke, who was

Published 05 Jan, 2011 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am

Five kids hurt in FC school van attack

Five kids hurt in FC school van attack

A bomb blast tore through a school bus in Turbat on Tuesday, wounding at least five children, officials said. The bus was taking more than 30 children of paramilitary Frontier Corps (FC) fathers to a school in Turbat town, near the Iranian border, police

Published 05 Jan, 2011 12:00am

National Commodity Exchange Trading Summary

National Commodity Exchange Trading Summary

National Commodity Exchange Limited Trading Summary on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am

Five kids hurt in FC school van attack

Five kids hurt in FC school van attack

A bomb blast tore through a school bus in Turbat on Tuesday, wounding at least five children, officials said. The bus was taking more than 30 children of paramilitary Frontier Corps (FC) fathers to a school in Turbat town, near the Iranian border, police

Published 05 Jan, 2011 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am

Pama flays new entrant policy

Pama flays new entrant policy

The Pakistan Automotive Manufacturers Association (Pama) has strongly objected to the proposed ''unprecedented preferential treatment'' to the newcomers at the cost of the investment already made by the existing original equipment manufacturers (OMEs).

Published 05 Jan, 2011 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am

Pama flays new entrant policy

Pama flays new entrant policy

The Pakistan Automotive Manufacturers Association (Pama) has strongly objected to the proposed 'unprecedented preferential treatment' to the newcomers at the cost of the investment already made by the existing original equipment manufacturers (OMEs).

Published 05 Jan, 2011 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am

Pama flays new entrant policy

Pama flays new entrant policy

The Pakistan Automotive Manufacturers Association (Pama) has strongly objected to the proposed 'unprecedented preferential treatment' to the newcomers at the cost of the investment already made by the existing original equipment manufacturers (OMEs).

Published 05 Jan, 2011 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am

Woman kills Indian lawmaker

Woman kills Indian lawmaker

A schoolteacher in eastern India stabbed to death a regional legislator in Bihar state seven months after alleging the politician and his secretary had raped her, police said. Raj Kishore Keshari, a lawmaker belonging to Bihar's ruling BJP party, died in

Published 05 Jan, 2011 12:00am

THE RUPEE: all-round slide

THE RUPEE: all-round slide

The rupee was down against dollar and euro on the currency market on Tuesday in process of trading, dealers said The rupee in relation to dollar shed two paisa at 85.70 for buying and was dropped by three paisa for selling at 85.75, they said.

Published 05 Jan, 2011 12:00am

Woman kills Indian lawmaker

Woman kills Indian lawmaker

A schoolteacher in eastern India stabbed to death a regional legislator in Bihar state seven months after alleging the politician and his secretary had raped her, police said. Raj Kishore Keshari, a lawmaker belonging to Bihar's ruling BJP party, died in

Published 05 Jan, 2011 12:00am

THE RUPEE: all-round slide

THE RUPEE: all-round slide

The rupee was down against dollar and euro on the currency market on Tuesday in process of trading, dealers said The rupee in relation to dollar shed two paisa at 85.70 for buying and was dropped by three paisa for selling at 85.75, they said.

Published 05 Jan, 2011 12:00am

Award of contracts by Discos under PDEIP: ADB concerned over delay

Award of contracts by Discos under PDEIP: ADB concerned over delay

The Asian Development Bank (ADB) has raised concerns over undue delays in the award of billions of rupees worth of contracts given by power distribution companies (discos) under the Power Distribution Enhancement Investment Program (PDEIP) tranche-1.

Published 05 Jan, 2011 12:00am

Motorcycle: ATLAS HONDA PAKISTAN LIMITED - Analysis of Financial Statements Financial Year 2007 - 1H Financial Year 2011

Motorcycle: ATLAS HONDA PAKISTAN LIMITED - Analysis of Financial Statements Financial Year 2007 - 1H Financial Year 2011

Atlas Honda Limited is a joint venture between the Atlas Group and Honda Motor Co, Japan. The company was created by the merger of Panjdarya Limited and Atlas Autos Ltd in 1988.

Published 05 Jan, 2011 12:00am

Award of contracts by Discos under PDEIP: ADB concerned over delay

Award of contracts by Discos under PDEIP: ADB concerned over delay

The Asian Development Bank (ADB) has raised concerns over undue delays in the award of billions of rupees worth of contracts given by power distribution companies (discos) under the Power Distribution Enhancement Investment Program (PDEIP) tranche-1.

Published 05 Jan, 2011 12:00am

Motorcycle: ATLAS HONDA PAKISTAN LIMITED - Analysis of Financial Statements Financial Year 2007 - 1H Financial Year 2011

Motorcycle: ATLAS HONDA PAKISTAN LIMITED - Analysis of Financial Statements Financial Year 2007 - 1H Financial Year 2011

Atlas Honda Limited is a joint venture between the Atlas Group and Honda Motor Co, Japan. The company was created by the merger of Panjdarya Limited and Atlas Autos Ltd in 1988.

Published 05 Jan, 2011 12:00am

Award of contracts by Discos under PDEIP: ADB concerned over delay

Award of contracts by Discos under PDEIP: ADB concerned over delay

The Asian Development Bank (ADB) has raised concerns over undue delays in the award of billions of rupees worth of contracts given by power distribution companies (discos) under the Power Distribution Enhancement Investment Program (PDEIP) tranche-1.

Published 05 Jan, 2011 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am

Delhi seeks Indian Ocean supremacy with warship research

Delhi seeks Indian Ocean supremacy with warship research

India launched a new naval research centre for warships on Tuesday, part of efforts by the South Asian giant to build its sea defences and counter the perceived threat of China in the Indian Ocean. Defence Minister A.K. Antony laid the foundation stone fo

Published 05 Jan, 2011 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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